Tanalys

Crude Oil (WTI) (Z5) Intraday: bullish bias above 45.56.

Pivot: 45.56

Our preference: Long positions above 45.56 with targets @ 47 47.6 in extension.

Alternative scenario: Below 45.56 look for further downside with 45.16 44.3 as targets.

Comment: A support base at 45.56 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

48

47.6

47

45.79 Last

45.56

45.16

44.3

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